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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
Loans to Small Businesses
Total Project Financing
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans funded in October 2023 ranged from $101,000 to $1,148,000 and provided assistance to businesses located in Billerica, Shrewsbury, North Andover, Haverhill, Norwood, MA, as well as Cranston and Cumberland, RI, Nashua, NH and Windsor Locks, CT. The projects will contribute to the creation of 27 Jobs.
Loans funded in September 2023 ranged from $133,000 to $3,001,000 and provided assistance to businesses located in Hingham and Hyannis, MA, as well as West Greenwich, RI, Keene, NH and Brooklyn, CT. The projects will contribute to the creation of 22 Jobs.
Loans funded in August 2023 ranged from $227,000 to $1,764,000 and provided assistance to businesses located in Lynn, Boston, Franklin, East Boston, Sandwich, MA, as well as Newport, RI. The projects will contribute to the creation of 19 Jobs.